| Founded | 2018 |
|---|---|
| Closed | 2023 |
| Country | China |
| Sector | Logistics |
| Collapse type | Zombie Startup |
YunEx
"Subsidizing drivers to compete with Lalamove burned through $120M with no viable exit."
Technically alive but effectively dead, burning cash
Key Events Timeline
YunEx, a last-mile logistics startup funded with $120M that aimed to compete with Lalamove and Manbang in intra-city freight, collapsed in 2023 after its primary investor consortium withdrew follow-on funding.
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